Reliance Spinning Mills Limited Proposes 30% Cash Dividend for FY 2082/83

Reliance Spinning Mills Limited (RSML) has proposed a 30% cash dividend for the fiscal year 2082/83. The company has scheduled its 32nd AGM for 22nd Ashwin 2083, at 9:00 AM at Anupam Foodland and Banquet, Battisputali, Kathmandu.

The proposal was approved during the company’s 422nd Board of Directors meeting held on Bhadra 29. Based on the company’s paid-up capital of Rs. 1.90 Arba, the proposed 30% cash dividend, including applicable taxes, amounts to Rs. 57 crore.

The proposed dividend will be distributed only after approval by the upcoming AGM. The company has set Ashwin 13 as the book closure date. Accordingly, shareholders holding shares before the book closure date will be eligible to participate in the AGM and receive the proposed dividend, subject to AGM approval.

As of the time of writing, RSML’s last traded price (LTP) stands at Rs. 2,936.00.